19 days ago
Chesnara (CSN) has announced an agreement to acquire closed life insurance business Scottish Widows Europe SA and that it “is expected to deliver ~€250m of incremental cash generation over the lifetime of the policies… with ~€100m of this cash generation occurring in the first five years”. What does that suggest for the deal value, with shares in the company currently up 5% to 325.5p in response?
4534 days ago
Chesnara (CSN) announced earlier this week that it has conditionally (on regulatory and shareholder approval) agreed a £39.3 million acquisition of Direct Line Life, a UK-based life insurer which is currently owned by Direct Line Insurance Group plc and became substantially closed to new business in July 2011. A good move?
